Foreclosures Available, Cheap.

       Remember all those people who lost their homes to foreclosure at the height of the Great Recession? Remember that many if not most lost their homes due at least in part to abuse by the banks? Well, first they were told they would receive settlements as compensation for the unfair treatment they received. It would come in the form of a check. For most of those folks that check would amount to $300.
       So if a bank wrongfully foreclosed on your home, you get $300. Now such a sum might pay for a third or so of one month's rent. Of course the banks are satisfied. They won't get sued and they made billions and billions of dollars in profits.
So these folks received their checks, only to find out that the checks bounced. Yep, you lose your home and get insulted with a check for $300, that bounces. But that's not the end. See the bouncing was a systems failure. So new checks are sent out. But for 96,000 ex-homeowners the new check is for less than it's supposed to be. You heard that right. If they were due $300, they got a check for even less.
       So let's add this all up. The bank took your home, in a few cases even after the mortgage was paid off, and for most others, in ways not exactly legal. Then they're told they'll get a check to make up for their loss of a home. It turns out to be for $300, which bounces. The new check is not for the $300, but for something less. So now Goldman Sacks and Morgan Stanley say they'll send out new checks for the balance. Ya gotta believe they have big hearts
       I don't know about you, but I think that if these outfits couldn't handle the foreclosures correctly and can't handle the settlement checks correctly and wormed out a meager $300 settlement, and managed to stay out of prison to boot, it's not that they're too big to fail. The problem is that they seem to be too big for their own boots. They're bigger than God.